What you need to know about the new Credit Card Law

If you have (or had) a credit card, at one point or another you’ve probably fallen victim to some sort of credit card fee or unfair charge on your account. I know in my younger years this has happened to me more times than I’d like to recall.

“For too long, credit card companies have had free rein to employ deceptive, unfair tactics that hit responsible consumers with unreasonable costs. But today, we are shifting the balance of power back to the consumer and we are holding the credit card companies accountable.”

Cheers to that. Here’s a summary of what the new credit card reform means for you: